Loan Scenarios

How can I expand my property portfolio and what types of finance are there to help me?

The Scenario: I appreciate there might not be a simple answer, but I’m looking to expand my property portfolio and increase yields at the same time. Do you have any ideas as to how I could do this? How can Charterbank help?

Here are a few suggestions to get you started:

Houses in multiple occupation

Shared houses or houses in multiple occupation (HMOs) are well known for producing high yields and can make desirable investments, especially with housing in short supply and renting in high demand in certain locations.

For many HMO landlord/developers, particularly first-time developers, it can be difficult to find a lender. As a Principal Lender specialising in fast non-status property finance, we are able to offer bespoke finance for all types and sizes of HMO, including loan facilities for first time developers or first-time landlords.

We work with new and active landlords and buy-to-let investors within strong rental areas to assist with portfolio building. Charterbank can provide finance for light and heavy refurbishments of new or existing HMO’s together with providing finance to convert any existing building into an HMO and/or build extensions to increase the bedroom numbers and therefore yield.

Read more about Charterbank’s HMO development finance ›

Property development

When it comes to property development, build (or convert) to rent has many advantages.

Identifying sites for new build schemes or former office buildings/pubs/commercial property with conversion potential, can prove to be successful projects, in turn assisting with yields. When building to rent, any ‘profit’ stays in as equity, therefore improving the loan to value ratio when exiting development finance onto long term debt.

Read more about Charterbank’s property development finance ›

Barns conversions

Over recent years we have seen a significant rise in demand for finance for barn conversions for long and short-term letting, specifically holiday letting. Barn conversions and other types of property with character are often popular ‘staycation’ choices delivering good income streams, even out of peak season.

Charterbank has a particular appetite for funding Barn conversions, including Class Q (otherwise known as Part Q) conversions across the entire southern half of the UK. Barn conversion or development finance is available for converting all types of property and barns from open barns to stone barns and former cattle, lambing and chicken sheds together with any type of redundant outbuilding (subject to the necessary planning consents).

Read more about Charterbank’s barn conversion finance ›

If you want to discuss your plans and how we might help, contact us for an informal discussion about any finance requirements.

As a commercial finance broker, how can you help my clients looking for finance?

If you're a commercial finance broker looking for finance for your clients, here's a brief article about what we offer, how we work and some recent cases.

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How can I expand my property portfolio and what types of finance are there to help me?

Here are some suggestions, including houses of multiple occupancy (HMOs), property development and barn conversions.

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Am I able to obtain bridging finance to help me purchase a ‘cash buyers only’ property?

Bridging finance from Charterbank would be an option, together with what is known as property development or refurbishment finance.

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